Word: merger
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Dates: during 1980-1989
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...Moshe Arens took over responsibility for Arab affairs from the dovish Ezer Weizmann. Labor's first Health Minister refused to serve under Shamir; his replacement is inevitably more hawkish. And Zevulun Hammer was chosen by the National Religious Party to replace the long-tenured Yosef Burg, reflecting the general merger of religious sentiment and extreme nationalism, expressed in its most alarming form by Member of Knesset Meir Kahane...
...interest securities that have backed such takeover bids as Atlanta Broadcaster Ted Turner's $5 billion failed attempt to buy out CBS and Carl Icahn's successful $300 million takeover of TWA. The creation of such huge war chests for the use of takeover artists, among others, has heightened merger activity...
...atmosphere of near panic that gripped insiders at the height of the investigation has subsided, but the probe seems to be having lasting effects. Surveys have shown a definite slowdown in the trading of stock of major corporate takeover targets immediately before the announcement of merger bids...
...contrast to the new capital gains provision, other parts of the tax law could help boost stock prices. It contains sections, for example, that will make mergers and acquisitions somewhat less attractive in 1987 by generally increasing the taxes that buyers of companies have to pay after the transactions. As a result, merger specialists are already reporting a flurry of activity as dealmakers try to beat the year-end deadline. "We are relaunching many merger and acquisition projects put on ice earlier," says Gordon Henderson, a partner with the Manhattan-based law firm of Weil, Gotshal & Manges. "Many acquisitions that...
...protection against the less favorable tax rules taking effect on Jan. 1, some acquisition contracts reportedly contain "drop-dead" clauses, which state that the deal is off if the transaction is not completed before year's end. In the midst of this merger activity, takeover speculation has driven up the stocks of some companies. Among them: Goodyear Tire & Rubber, whose shares rose from 34 1/2 on Oct. 1 to 48 1/4 at the end of last week, and the E.F. Hutton Group, which rose from 42 to 51 1/8 during the same period...